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Booming Retracement

The rebound from Friday’s carnage has stalled in the pre market, but indicators say, “Wait! There’s more!”

The ES fucutures need to clear 3408 to confirm that. If they roll over below that, bears could be in charge.

In any event, the worst do…

Happy EST Day! 10/26/20

4:30 AM ET That’s right. Happy European Standard Time Day. To my fellow Merkans, I am temporarily only 5 hours ahead of you on the East Coast. It’s 9:30 Central European Standard Time and 4:30 AM in New Yawk! I’m behind the 8 ball! Gotta get to work and get a Technical Trader report out to you this morning (Done!). 

In other news, the virus has exploded here in Europe and in the futures, the 5 day cycle projection is 3406 …